BB&T Corporation (BBT) : Flippin Bruce Porter Inc scooped up 9,466 additional shares in BB&T Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 139,125 shares of BB&T Corporation which is valued at $5,174,059.BB&T Corporation makes up approximately 1.45% of Flippin Bruce Porter Inc’s portfolio.
Other Hedge Funds, Including , Amg National Trust Bank reduced its stake in BBT by selling 413 shares or 0.42% in the most recent quarter. The Hedge Fund company now holds 98,159 shares of BBT which is valued at $3,645,625. BB&T Corporation makes up approx 0.32% of Amg National Trust Bank’s portfolio.Cibc Asset Management Inc boosted its stake in BBT in the latest quarter, The investment management firm added 5,482 additional shares and now holds a total of 84,968 shares of BB&T Corporation which is valued at $3,155,712. BB&T Corporation makes up approx 0.02% of Cibc Asset Management Inc’s portfolio.Eastern Bank boosted its stake in BBT in the latest quarter, The investment management firm added 2,575 additional shares and now holds a total of 62,935 shares of BB&T Corporation which is valued at $2,308,456. BB&T Corporation makes up approx 0.18% of Eastern Bank’s portfolio.
BB&T Corporation opened for trading at $37.19 and hit $37.62 on the upside on Monday, eventually ending the session at $37.53, with a gain of 1.41% or 0.52 points. The heightened volatility saw the trading volume jump to 23,39,514 shares. Company has a market cap of $30,568 M.
On the company’s financial health, BB&T Corporation reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.68. The company had revenue of $2787.00 million for the quarter, compared to analysts expectations of $2748.91 million. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.
Many Wall Street Analysts have commented on BB&T Corporation. Shares were Downgraded by Robert W. Baird on Jul 11, 2016 to ” Neutral” and Lowered the Price Target to $ 37 from a previous price target of $40 .BB&T Corporation was Downgraded by Sandler O’Neill to ” Hold” on Jun 29, 2016. BB&T Corporation was Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on May 16, 2016.
BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary Branch Bank and other nonbank subsidiaries. BB&Ts operations are divided into six reportable business segments: Community Banking Residential Mortgage Banking Dealer Financial Services Specialized Lending Insurance Services and Financial Services and Other Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets including small and mid-size businesses public agencies local governments and individuals through 1839 offices as of December 31 2014. BB&Ts subsidiaries offer a range of retail and commercial services to retail and commercial clients.